Klarna’s IPO: Here’s Who’s Getting Rich
Two decades after its founding, Klarna has gone public, and its investors are finally seeing a windfall.
The Swedish “buy now, pay later” company listed on the New York Stock Exchange on Wednesday. Its stock popped 30% on its debut, jumping above its $40-per-share IPO price to $52 a share.
That IPO price gave Klarna a $15.1 billion valuation and netted Klarna $1.37 billion. Per Pitchbook, Klarna had raised $3.85 billion in its history before the public listing.
Klarna’s IPO has been a long time coming. Founded in 2005, the consumer payments company first hinted at an IPO in 2019, telling Bloomberg it could go public in the next one to two years. Klarna had reportedly planned to go public earlier this year, but…
